iXBRL is a prime example of the increasingly stringent statutory requirements imposed on corporate finance departments. There are other major developments around the corner, too, such as the changing face of UK GAAP.

A new whitepaper from IRIS Accountancy Solutions looks at the technology and services available to help accountants in business keep up to speed on the shifting regulatory framework. The paper also raises an interesting possibility: the greater application of automation to reduce the burden of compliance can uncover unexpected opportunities for increased efficiency, lower costs and greater flexibility.